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Retirement Planning
- January 7, 2024
- Posted by: Agbaje Feyisayo
- Category: Retirement
No CommentsRetirement planning is a critical aspect of personal financial management and for good reasons. First, people are living longer than ever before. Thanks to advances in healthcare, it’s not uncommon for people to live 20, 30, or even more years in retirement. This extended period of life requires significant financial resources to ensure comfort and
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What Is An Individual Annuity?
- January 16, 2023
- Posted by: Agbaje Feyisayo
- Category: Retirement
Annuities are a type of financial instrument issued by insurance companies to their customers for a lifetime guaranteed monthly income. Insurance companies will always pay their respective investors. As a holder of an annuity, you can choose when and how you want to receive payment. Annuities also have opportunities to have beneficiaries during your death
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Average Retirement Income
- January 16, 2023
- Posted by: Agbaje Feyisayo
- Category: Retirement
Identifying the appropriate average retirement income in America is essential. The average retirement income is the lowest to the highest. Unfortunately, it’s the middle number. There are specific questions to prepare for your next phase. For example, do I have enough to fund my dream retirement? Do I have enough to cover my expenses? But,
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What If My Pension Becomes Frozen?
- October 7, 2019
- Posted by: Orkan Ozkan
- Category: Retirement
Pensions were once the Holy Grail of secure retirement plans, but they have become far less reliable over time. Sadly, in order to maintain the pension, participating employees had to give up pay raises for many years, in many cases. That’s money that will never be recouped. In an announcement today, General Electric (GE) became
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How Long Will $1 Million Last in Retirement?
- April 24, 2019
- Posted by: Orkan Ozkan
- Category: Retirement
Considering the country’s growing debt, this has become a very popular question and the answer most assuredly depends on where you plan to live while spending it. GoBankingRates just compared and reported on the best and worst states to spend your golden years. The study looked at all 50 states and considered average expenses for
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5 Top Online Retirement Planning Tools
- April 7, 2017
- Posted by: Orkan Ozkan
- Category: Retirement
Creating a retirement plan and saving money in accordance with the plan can be challenging, to say the least. Fortunately, there are several no-cost or low-cost apps and tools available online to make our lives easier. Our “golden years” are supposed to be just that – a time that shines brightly thanks to the personal
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How Much Should You Own At Retirement?
- April 5, 2017
- Posted by: Orkan Ozkan
- Category: Retirement
Many investment experts recommend that savers and investors can reserve any portion of their retirement portfolio as they see fit for gold. A select few argue that investors should avoid physical gold altogether if they can’t hold it for at least for 5 to 10 years. Such a diversity of opinions may leave you feeling
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Saving For Retirement – A Yearly Timeline
- February 24, 2017
- Posted by: Orkan Ozkan
- Category: Retirement
Everyone says you should start saving for retirement as early as possible, but what are the yearly benchmarks and important considerations to make each time you hit 20, 30, 40 years old and beyond? In order to protect your investments and ensure a stable and comfortable retirement, you must reevaluate how you’ve been saving for
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Creating A Smart Retirement Withdrawal Strategy
- February 16, 2017
- Posted by: Orkan Ozkan
- Category: Retirement
Shifting between saving for retirement and using your savings as retirement income can be difficult and confusing – here’s what you need to know to ensure a seamless retirement transition. The ultimate goal for most of us is to enter into our retirement years with a low-stress approach to financial matters. After all, we’ve worked
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Negative Rates And Its Effects On Retirement
- October 27, 2016
- Posted by: Orkan Ozkan
- Category: Retirement
Following the Great Recession, the world’s major central banks rolled out multiple monetary stimulus packages with mixed or poor results. Boards of the world’s foremost banking experts approved trillions of dollars in experimental asset purchase programs. There were two stated objectives for these programs: increasing liquidity in capital markets lowering the nominal rate of interest
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